REG - Vela Technologies - Change of Adviser
RNS Number : 0694IVela Technologies PLC06 August 20196 August 2019
Vela Technologies plc
("Vela" or the "Company")
Change of Adviser
The Board of Vela notes the news story published on the Financial Conduct Authority ("FCA") website on 5 August 2019, stating that SVS Securities plc ("SVS") has been placed into Special Administration. SVS were a joint broker to Vela however as a result of these developments SVS will no longer be able to provide broking services to Vela. As a consequence, Smaller Company Capital Limited is now the Company's sole broker with immediate effect.
For further information, please contact:
Vela Technologies plc
Tel: +44 (0) 7802 262 443
Brent Fitzpatrick, Non-Executive Chairman
Antony Laiker, Director
Allenby Capital Limited
(Nominated Adviser)
Tel: +44 (0) 20 3328 5656
Nick Athanas/Asha Chotai
Smaller Company Capital Limited
(Broker)
Tel: +44 (0) 20 3651 2910
Rupert Williams/Jeremy Woodgate
About Vela Technologies
Vela Technologies (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. There are currently 12 investments in the portfolio which either have developed ways of utilising technology or developing technology with a view to disrupting the businesses or sector in which they operate. More recently, Vela Technologies has also started to focus on existing listed companies where valuations may offer additional opportunities.
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